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Citigroup to Hand Out Bonuses to 75,000+ Global Workers Amid Pandemic

Citigroup will be giving more than 75,000 workers worldwide a special compensation to help them deal with the financial fallout from the coronavirus. So reports Reuters.

flying 2891745 640smallWorkers in the U.S. who take home US$60,000 or less in base pay will qualify for a US$1,000 payout, while the amount of cash awards will vary depending on pay rates in other respective local markets globally, Chief Executive Michael Corbat told staff in a memo seen by Reuters.

The global lender aims to make the “vast majority” of payments this month.

Read the full article from Reuters.

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